Manitou Group acquires majority stake in Australian dealer LiftRite

Manitou Group finalized the acquisition of a 55% majority stake in Australian company LiftRite, with a call option to reach 96% by 2020.

“The Manitou group, a world leader in all-terrain material handling, has finalised its acquisition of a majority stake (55%) in the Australian company LiftRite.”im-mining.com

• 2 sources
• im-mining.comManitou strengthens position in Australian mining market with dealer acquisition - International MiningPaul MooreJul 28, 2017
• australianmining.com.auManitou acquires stake in Aussie lifting company - Australian MiningBen CreaghJul 31, 2017

Summarized from public sources; check the original articles before acting on it.